Stanley Black & Decker (NYSE:SWK) Price Target Lowered to $94.00 at Barclays

Stanley Black & Decker (NYSE:SWK) had its target price reduced by equities research analysts at Barclays from $100.00 to $94.00 in a research report issued on Wednesday,Benzinga reports. The firm currently has an “equal weight” rating on the industrial products company’s stock. Barclays‘s target price would indicate a potential upside of 15.25% from the company’s previous close.

A number of other research analysts have also recently issued reports on the company. Wells Fargo & Company decreased their target price on Stanley Black & Decker from $95.00 to $90.00 and set an “equal weight” rating on the stock in a research report on Tuesday. The Goldman Sachs Group increased their price objective on shares of Stanley Black & Decker from $94.00 to $107.00 and gave the company a “neutral” rating in a research note on Thursday, October 10th. StockNews.com downgraded shares of Stanley Black & Decker from a “buy” rating to a “hold” rating in a report on Tuesday, November 5th. Robert W. Baird cut their price objective on Stanley Black & Decker from $104.00 to $102.00 and set a “neutral” rating on the stock in a report on Wednesday, October 30th. Finally, Morgan Stanley cut their price target on Stanley Black & Decker from $107.00 to $98.00 and set an “equal weight” rating on the stock in a research note on Wednesday, October 30th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $101.25.

Stanley Black & Decker Price Performance

SWK stock opened at $81.56 on Wednesday. The company’s 50-day moving average price is $85.89 and its two-hundred day moving average price is $93.28. Stanley Black & Decker has a 12 month low of $77.70 and a 12 month high of $110.88. The company has a quick ratio of 0.42, a current ratio of 1.29 and a debt-to-equity ratio of 0.63. The firm has a market cap of $12.57 billion, a P/E ratio of -59.53, a P/E/G ratio of 2.24 and a beta of 1.24.

Stanley Black & Decker (NYSE:SWK) last announced its quarterly earnings data on Tuesday, October 29th. The industrial products company reported $1.22 EPS for the quarter, beating the consensus estimate of $1.05 by $0.17. The business had revenue of $3.75 billion during the quarter, compared to the consensus estimate of $3.80 billion. Stanley Black & Decker had a negative net margin of 1.33% and a positive return on equity of 6.44%. The company’s revenue was down 5.1% on a year-over-year basis. During the same period in the previous year, the business earned $1.05 earnings per share. On average, analysts anticipate that Stanley Black & Decker will post 4.12 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Stanley Black & Decker

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Rise Advisors LLC lifted its holdings in Stanley Black & Decker by 99.3% in the third quarter. Rise Advisors LLC now owns 267 shares of the industrial products company’s stock valued at $29,000 after buying an additional 133 shares during the period. EverSource Wealth Advisors LLC increased its holdings in Stanley Black & Decker by 81.4% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 528 shares of the industrial products company’s stock worth $42,000 after purchasing an additional 237 shares in the last quarter. Waldron Private Wealth LLC purchased a new stake in shares of Stanley Black & Decker in the third quarter worth approximately $59,000. Armstrong Advisory Group Inc. purchased a new position in shares of Stanley Black & Decker during the third quarter valued at approximately $72,000. Finally, Sunbelt Securities Inc. grew its holdings in Stanley Black & Decker by 363.8% during the third quarter. Sunbelt Securities Inc. now owns 654 shares of the industrial products company’s stock worth $72,000 after buying an additional 513 shares in the last quarter. 87.77% of the stock is owned by institutional investors and hedge funds.

Stanley Black & Decker Company Profile

Stanley Black & Decker, Inc provides hand tools, power tools, outdoor products, and related accessories in the United States, Canada, Other Americas, Europe, and Asia. Its Tools & Outdoor segment offers professional grade corded and cordless electric power tools and equipment, including drills, impact wrenches and drivers, grinders, saws, routers, and sanders; pneumatic tools and fasteners, such as nail guns, nails, staplers and staples, and concrete and masonry anchors; corded and cordless electric power tools; hand-held vacuums, paint tools, and cleaning appliances; leveling and layout tools, planes, hammers, demolition tools, clamps, vises, knives, saws, chisels, and industrial and automotive tools; drill, screwdriver, router bits, abrasives, saw blades, and threading products; tool boxes, sawhorses, medical cabinets, and engineered storage solutions; and electric and gas-powered lawn and garden products.